What Is A Preapproval

Dated: 11/13/2014

Views: 220

A pre-approval is a simple process of ensuring that you can be approved for a mortgage. To get preapproved, you may complete an online application that is similar to this one, https://0742752055.secure-loancenter.com/WebApp/FullAppLogin.aspx.
Once you complete the application, you will be asked for the following documents:
  1. One month of paystubs
  2. Two years of tax returns
  3. Two years of W-2s or 1099s or K-1s if self-employed
  4. Two months of bank statements (All Pages). If statement says 1 of 5, we need all 5
  5. Most recent statement from your 401k, investments, etc.
Why is all of this required? 
  The above documents are going to be the basis of the underwriter's decision on the approvability of your mortgage application. We need to know accurately what your income, assets and liabilities are. Without anyone of these, the pre-approval is worthless.
   For more information, you can reach me at 239-936-4232.
James Marcinkowski
Branch Manager 
Inlanta Mortgage
NMLS# 182565, 1016
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Danielle Sharp

Danielle is broker/owner of Sharp Homes Realty. A Detroit native, she escaped the cold, gray winters of Michigan in 2007. Community involvement has been a high priority while building a customer centr....

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